In this episode of Built For Life Not Just Wealth, Ryan Burklo presents five essential tests that serve as a comprehensive guide to evaluating your financial success. These tests focus on key areas such as control, protection, freedom, alignment, and liquidity. By understanding and applying these principles, you can effectively assess your financial health and ensure it aligns with your broader life goals. This approach not only helps in identifying areas of improvement but also empowers you to make informed decisions that support your long-term aspirations.

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For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo

Episodes mentioned by Ryan in this episode:

Episode 275 - The Power of a Wealth Building Account: https://www.youtube.com/watch?v=wfn6tE4AEXg

Episode 261 - The Impact of Inadequate Life Insurance: https://www.youtube.com/watch?v=ioBRIastBDU

Episode 262 - 15 Minutes To Save You Millions Instead Of 15%: https://www.youtube.com/watch?v=NfWtdXwyOLA

Episode 337 - Crafting a Future That Shapes Today: https://www.youtube.com/watch?v=ly2dvx3OhaY

Episode 339 - Why Discipline Isn't the Problem - Alignment Is: https://www.youtube.com/watch?v=OZq7z4orwuE

Episode 342- True Liquidity: The Backstop to the Balance Sheet: https://www.youtube.com/watch?v=1aLTFVKcdLA

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Takeaways

Control your cash flow to build wealth in the margin
Protect your income against disruptions like job loss or lawsuits
Create a freedom timeline with accessible income for optionality
Ensure your money reflects your life priorities and values
Build structural resilience with diversified buckets and legal protections

Chapters

00:00 Redefining Financial Success
02:57 The Five Tests of Financial Success